The revisions impose stronger corporate social responsibility obligations and require shareholders to make capital contributions if a company cannot repay its debts.
January 8, 2023The law will create a financial stability guarantee fund, set out clear risk prevention and disposal responsibilities for financial institutions, and introduce a resolution regime for SIFIs.
January 6, 2023The law imposes an obligation on telecom companies and banks to help hunt down fraudsters, and requires the establishment of a risk information sharing mechanism.
September 8, 2022The amendments seek to encourage innovation while also protecting fair competition in the market, incuding by raising penalties for monopolistic behaviour.
June 28, 2022The final version of the law further improves derivatives trading supervision and specifies rules for foreign institutions operating in China.
April 21, 2022Regulators led by the PBOC plan to use the new financial stability fund as a backup to dispose of major risks which could have systemic effects.
March 29, 2022The establishment of the Hainan International Carbon Emissions Trading Exchange was approved by provincial officials last month.
March 24, 2022There are “no suitable conditions” to pilot the property tax reform in more cities this year, China's finance ministry said.
March 18, 2022Premier Li Keqiang said at the NPC's annual meeting that the government will also adopt measures to keep housing prices stable and strengthen financial regulation.
March 9, 2022The law strengthens the responsibilities, loyalty and diligence obligations of controlling shareholders and management personnel to protect investors.
January 17, 2022